Member Article

Solid Results for JCT600

Yorkshire based motor retail group JCT600 recently announced their annual results, demonstrating that they once again delivered a strong financial performance with turnover and profit continuing to rise, thanks largely to the firm’s continued expansion.

“Following our acquisitions from Gilder Group in 2013, last year was about bringing the new businesses into the JCT600 family, and furthering our aims to grow the best car retail business, as well as being the best place to shop for a car,” commented chief executive John Tordoff.

Building on significant increases in volume of new car sales in previous years, JCT600 once again outperformed the market with the company’s new car sales increasing by 12% compared with the UK average rise of 7%, and, after significant increases in recent years, the firm consolidated its used car business with growth in sales of 1% during the period.

“Out performing the market in new car sales is a signal that our retail offering, service standards and pricing are winning over customers in a market which boasts plenty of choice, and that’s down to good strategy, great colleagues and hard work,” added John.

The firm is focused on the changing use of the internet by car buyers, and invested significantly in both headcount and technology in 2014. The businesses saw web traffic grow by 16% over the year, and mobile search traffic increased by 58%, underlining the importance of tablets and devices in the way that customers now shop for cars.

Nigel Shaw, group finance director, comments: “This year also looks promising for us as a business. With the General Election safely behind us, we can look forward to a more stable outlook ahead which will allow consumer confidence to maintain its upwards trend.”

This was posted in Bdaily's Members' News section by JCT600 Ltd .